The tax multiplier is most likely to be larger than the expenditure multiplier when ________
A) monetary policy is at the zero lower bound
B) rising inflation causes the real interest rate to decline
C) when the change in tax revenue is large relative to the change in government purchases
D) the expansionary fiscal policy is expected to be followed by higher taxes
D
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Second-degree price discrimination occurs when:
A) each consumer is charged exactly their willingness to pay. B) different groups of consumers are charged different prices. C) consumers are charged different prices at different points of time. D) consumers are charged different prices based on characteristics of their purchase.
Nontraded securities are part of
A) direct, but not indirect finance. B) indirect, but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.